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re: Powell is talking BS. higher long-term rates as ‘supply shocks’ provide policy challenges

Posted on 5/15/25 at 1:29 pm to
Posted by Penrod
Member since Jan 2011
55449 posts
Posted on 5/15/25 at 1:29 pm to
quote:

They’re trying to frick over Trump with the massive amount of debt that needs to refinance this year

If Dems could wave a wand and get rid of interest on the national debt they would do it just as fast as Republicans would. It interferes with their plans, too.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138810 posts
Posted on 5/15/25 at 2:07 pm to
quote:

They’re trying to frick over Trump with the massive amount of debt that needs to refinance this year
TBH, Congress ... the GOP Congress .... is doing that.

Treasury Rates rose as soon as Congress made clear DOGE efforts were basically for naught, and the bloated budget spend side took form. There were rumors of foreign treasury selloffs accounting for the rise. Those never made real sense as the countries involved would be shooting themselves in the foot. But those rumors turned out to be unfounded. The only correlate is yet another deficit-laden budget.

Maybe they'll aim for a short-term refinance, and try again to get Congress to do its damn job next year? Nah ... that's an election year. So, perhaps FY 2027?
Posted by Powerman
Member since Jan 2004
173601 posts
Posted on 5/15/25 at 2:09 pm to
quote:

Why can't low rates be the new normal.. like we were told for everything else?

It's clear inflation is back to normal.

So you think we should reverse course and get inflation back up? That's odd to say the least.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97954 posts
Posted on 5/15/25 at 2:20 pm to
quote:

Link?


Trueflation.com

We know your old arse will discredit that but at the same time use the BLS as the gold standard

After todays revisions if anyone uses that for data they are admitting they are a moron

quote:

Because he knows you've racked up a ton of credit card debt, and your mother had to cut back on your monthly allowance - ALL because of Biden's inflation.

But at this point, it is just obvious that Jerome doesn't like you all that much.


This is jist dumb ten bears
Posted by LSURussian
Member since Feb 2005
134870 posts
Posted on 5/15/25 at 2:51 pm to
quote:

Trueflation.com

I copied and pasted your quoted website into my browser and I got a blank GoDaddy page that says:

quote:

Trueflation.com

is parked free, courtesy of GoDaddy.com.

Get This Domain


You can't even post a website's name correctly. What a dumbass...
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
37506 posts
Posted on 5/15/25 at 3:02 pm to
Damn. It just hasn't been SDVs day. Upvote for you.
Posted by Bring Da Wood
Texas
Member since Dec 2006
2227 posts
Posted on 5/15/25 at 3:08 pm to
Higher long term rates mean the yield curve is normalizing and risk of recession is in the rear view mirror. Dumbass economists that were predicting doomsday scenarios are pissed and being spiteful. Like too late Jerome. It doesn’t matter if he holds rates now though. Inflation is still easing and prices are coming down. Just makes him look like more of a cuck.
Posted by Powerman
Member since Jan 2004
173601 posts
Posted on 5/15/25 at 3:18 pm to
quote:

Inflation is still easing and prices are coming down

So maybe we should um...I don't know keep doing what we're doing instead of loosening monetary policy and reversing course.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97954 posts
Posted on 5/15/25 at 3:20 pm to
Truflation.com

Do you always pretend to be an idiot?
Posted by Powerman
Member since Jan 2004
173601 posts
Posted on 5/15/25 at 3:22 pm to
Your'e the one that gave him the wrong address you maggot
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97954 posts
Posted on 5/15/25 at 3:27 pm to
Yeah i forgot hes and old frick who cant google

My bad
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138810 posts
Posted on 5/15/25 at 3:36 pm to
On the serious side, the truflation model does seem to speak more accurately to inflation. Perhaps its day-to-day iteration is too noisy. But that could obviously be addressed mathematically (moving avg etc). So much of inflation data is real estate weighted, and it seems BLS rent-approx methodology is far less accurate, and lagging, than truflation in that regard. I understand there are other non-BLS inflation considered by the Fed, but in the end it just seems the data and process could stand some modernization.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97954 posts
Posted on 5/15/25 at 3:47 pm to
Did you see the BLS revisions

They are swinging things by .4-1%

Its insane and crazy they are the standard used
Posted by LSURussian
Member since Feb 2005
134870 posts
Posted on 5/15/25 at 3:54 pm to
quote:

Do you always pretend to be an idiot?
Says the dumbass who told me the website he uses to get his inflation data is "Trueflation.com" when the website actually is "Truflation.com."

Seriously, who is the idiot here?

I read the website from Truflation.com and this description they have on it about themselves made me chuckle: "every piece of data is derived from credible sources..." Yet, they don't list any of those sources.

So, I researched the President and CEO of Truflation.com.

His name is Stefan Rust who is from Hong Kong (his grandfather was Governor of Hong Kong from 1955 to 1964) but immigrated to Switzerland and his claim to finance fame is he started a website called Bitcoin.com where as CEO "he encountered different difficulties in the digital asset sector." (That's copied and pasted from his bio.)

Being curious about the "difficulties" he encountered as CEO of Bitcoin.com, all I could learn was he "abruptly resigned" from there and severed all relationships with the company he founded.

He said of that experience, "Among Stefan’s key life lessons, he says knowing when to call it quits is the most important. After moving heaven, earth, and a lot of capital to keep a business venture alive that just wasn’t working, he recommends not following the “keep at it” mantra if you really shouldn’t."

He said his life's goal is to "liberate the world using cryptocurrency."

Yeah, that's exactly the type of guy I want to depend upon to tell me what the inflation rate is.

I'm not surprised you think it's a reliable source of inflation information...
Posted by Bring Da Wood
Texas
Member since Dec 2006
2227 posts
Posted on 5/15/25 at 3:55 pm to
quote:

So maybe we should um...I don't know keep doing what we're doing instead of loosening monetary policy and reversing course.


Up to this point it’s been understandable but he needs to decrease by 25bps at the next meeting if inflation stays static. No reason not to but he’s shown himself to be a fool before when he listened to the last administration. Duh inflation is transitory.
Posted by Powerman
Member since Jan 2004
173601 posts
Posted on 5/15/25 at 3:56 pm to
quote:

So, I researched the President and CEO of Truflation.com.

His name is Stefan Rust who is from Hong Kong (his grandfather was Governor of Hong Kong from 1955 to 1964) but immigrated to Switzerland and his claim to finance fame is he started a website called Bitcoin.com where as CEO "he encountered different difficulties in the digital asset sector." (That's copied and pasted from his bio.)

Being curious about the "difficulties" he encountered as CEO of Bitcoin.com, all I could learn was he "abruptly resigned" from there and severed all relationships with the company he founded.

He said of that experience, "Among Stefan’s key life lessons, he says knowing when to call it quits is the most important. After moving heaven, earth, and a lot of capital to keep a business venture alive that just wasn’t working, he recommends not following the “keep at it” mantra if you really shouldn’t."

He said his life's goal is to "liberate the world using cryptocurrency."

Yeah, that's exactly the type of guy I want to depend upon to tell me what the inflation rate is.

After SDV accused you of not knowing how to google

Someone get a bodybag for SDV
Posted by LSURussian
Member since Feb 2005
134870 posts
Posted on 5/15/25 at 3:57 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97954 posts
Posted on 5/15/25 at 4:00 pm to
quote:

I'm not surprised you think it's a reliable source of inflation information..


What does any of that have to do with the data they get to come up with the numbers

You take BLS at face value who overstated jobs by 1mil and use a housing survey for real time rents fricking up shelter costs by a lot

I already said you would do this

As always im right
Posted by EphesianArmor
Member since Mar 2025
4839 posts
Posted on 5/15/25 at 4:05 pm to
quote:

The sooner you realize those are political appointments and not economic scholars the better off you will be


"Creds" don't even matter. Powell is another "official" wearing a costume. This guy is playing a role for a foreign Private Bnk, aka "The Federal Reserve".

Everyone had best realize Powell makes ZERO decisions about the rates; instead any and ALL "financial" policy decisions in the USA are ultimate made in the City of Banks (London).

Posted by LSURussian
Member since Feb 2005
134870 posts
Posted on 5/15/25 at 4:10 pm to
quote:

What does any of that have to do with the data they get to come up with the numbers

Explain their data methods.

quote:

I already said you would do this
Of course you did because you already knew that website's data assimilation relies heavily upon a Ouija board and a Haitian voodoo Priestess dropping chicken bones...
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